New Issue: Atlanta Gold takes in C$794,280 in C$3.45 million placement of stock

By Devika Patel

Knoxville, Tenn., Nov. 30 - Atlanta Gold Inc. said it raised C$794,280 in the second tranche of a C$3.45 million non-brokered private placement of stock. The deal priced for C$3 million Oct. 13 with a 15% greenshoe, and the company raised C$2.66 million in the initial tranche on Nov. 13.

The company sold 22,130,998 common shares at C$0.12 apiece in the first tranche. It sold 6,619,000 shares in this tranche.

Proceeds will be used to explore the company's Atlanta gold property in Idaho and for working capital.

Toronto-based Atlanta Gold is a gold exploration company.

Issuer:	Atlanta Gold Inc.
Issue:	Common shares
Amount:	C$3.45 million
Shares:	28,749,998
Price:	C$0.12
Warrants:	No
Agent:	Non-brokered
Pricing date:	Oct. 13
Settlement date:	Nov. 13 (for C$2,655,720), Nov. 26 (for C$794,280)
Stock symbol:	Toronto: ATG
Stock price:	C$0.13 at close Oct. 12
Market capitalization:	C$11 million

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